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Great Eastern Shipping Co. Ltd. — Capital/Financing Update 2024
Aug 16, 2024
59079_rns_2024-08-16_bdd89333-aab0-4214-905c-79bda3408cd2.pdf
Capital/Financing Update
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Our Ref.: S/2024/JMT
August 16, 2024
BSE Limited National Stock Exchange of India Limited 1st Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051
BSE Scrip code: 500620 Trading Symbol - GESHIP
Dear Sir,
Further to our letter dated June 07, 2024, we wish to inform you that the Company took delivery of a 2013 built Medium Range product tanker “Jag Priyanka” of about 49,990 dwt. The company had contracted to buy the vessel in Q1 FY25.
A Press Release to be issued in this connection is enclosed.
You are requested to take note of the above.
Thanking You,
Yours faithfully,
For The Great Eastern Shipping Company Limited
Anand Digitally signed by: Anand Prabhakar Punde Prabhak DN: CN = Anand Prabhakar Punde C ar Punde = IN O = Personal Date: 2024.08.16 15:49:24 +05'30'
Anand Punde Company Secretary [email protected]
www.greatship.com
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PRESS RELEASE
G E Shipping takes delivery of a 2013 built Medium Range Product Tanker
“Jag Priyanka”
The Great Eastern Shipping Company Limited (G E Shipping) took delivery of a 2013 built Medium Range product tanker “Jag Priyanka” of about 49,990 dwt. The company had contracted to buy the vessel in Q1 FY25.
Including Jag Priyanka, company’s current fleet stands at 43 vessels, comprising 29 tankers (6 Crude carriers, 19 Product carriers, 4 LPG carriers) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, 4 Supramax) aggregating 3.41 mn dwt.
This vessel is financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.
Additionally, we had contracted to sell one MR product tanker in July 2024, which is due for delivery by Q3 FY25.
Place: MUMBAI
Date: Aug 16, 2024
-----------------------------------------visit us at www.greatship.com---------------------------------------
For further details, please email us at: [email protected]
www.greatship.com